when it says prop traders are receiving huge bonuses...are these institutional prop traders? Is there such a thing? I'm only aware of retail prop traders.
when it says prop traders are receiving huge bonuses...are these institutional prop traders? Is there such a thing? I'm only aware of retail prop traders.
Actually, for me, I still don't consider retail "prop" to be "prop" at all, proprietary traders at investment banks are the traders who doesn't deal with client business, but trade instead with the firm's capital. For most investment banks, the amount of total profit made by prop desks usually more than the profit made by the client related businesses.
